Common Shares

12 Months Ended

Dec. 31, 2011

Preferred Equity Investments, Common Shares and Common Share Options [Abstract]

Common Shares

12. Common Shares

The following table sets forth information relating to sales of Common Shares during the years ended December 31, 2009, 2010 and 2011:

		September 30,		September 30,		September 30,
Date of Issuance	Number of Shares Issued		Price per Share			Type of Offering
January 15, 2009		61,292	$	10.85		DRIP (1)
April 15, 2009		7,462	$	8.27		DRIP
July 15, 2009		37,982	$	8.72		DRIP
October 15, 2009		63,471	$	8.96		DRIP
November 27, 2009		4,450,781	$	9.05		Rights Offering (2)
January 15, 2010		47,385	$	12.73		DRIP
April 15, 2010		44,181	$	13.75		DRIP
July 15, 2010		50,439	$	12.15		DRIP
September 27, 2010		5,750,000	$	12.25	(3)	Public Offering
October 15, 2010		48,398	$	12.53		DRIP
January 15, 2011		58,161	$	11.70		DRIP
April 6, 2011		5,750,000	$	11.25	(3)	Public Offering
April 15, 2011		59,207	$	11.63		DRIP
July 15, 2011		61,224	$	11.35		DRIP
October 17, 2011		82,256	$	8.46		DRIP

(1) The Trust’s Dividend Reinvestment and Stock Purchase Plan.

(2) Rights offering pursuant to which each holder of Common Shares and Series B-1 Preferred Shares received one basic subscription right for every three and one-half Common Shares owned, or in the case of Series B-1 Preferred Shares, one basic subscription right for every three and one-half Common Shares issuable upon conversion of such Series B-1 Preferred Shares.

(3) Before underwriting discount